State Board Report
NASBA’s Regional Directors have been enlisted by the Compliance Assurance Committee to assist in bringing mandatory compliance assurance/peer review programs to all jurisdictions along with having states create compliance assurance committees to oversee them. Compliance Assurance Review Board Chair Thomas Sadler reported there are 40 states with some form of compliance assurance programs, 28 relying on the AICPA peer review program and only about a dozen having a state compliance assurance oversight committee.
Chair Sadler told the Regional Directors on July 26 that the Compliance Assurance Committee is preparing an information tool kit to describe model oversight committees for the state boards. Among the effective state board oversight committees he pointed to are the ones operating in Minnesota and Mississippi.
“The Compliance Assurance Committee has concluded that we need more strong state board oversight committees to have an effective national Compliance Assurance program,” Mr. Sadler stated.
- MEMBER CENTER